The typical asking rate per listing is in the $30's per square foot per year. The Buckman submarket is going through a a boost in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 13% rise in rent.
Compared to the rest of the Greater Portland market, the Buckman region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 32 listings have been made available, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. About 78% of the available leases in the Buckman are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,150 sqft. Most buildings in this market are around 2 stories. Most buildings in this area were built in 1929 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Buckman occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.